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The Resource-Infrastructure-Environment Index for Measuring Progress: An Application to Australia, Mexico and the US

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  • Riccardo Natoli

    ()

  • Segu Zuhair
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    Abstract

    The resource-infrastructure-environment (RIE) index was proposed as an alternative measure of progress which was then employed to: (1) compare the aggregate (single summary) index findings between Australia (mid-industrialised nation), Mexico (emerging economy), and the US (highly industrialised nation); and (2) compare the RIE index against the gross domestic product (GDP), human development index (HDI) and genuine savings (GS) measure. This paper builds on the previous work by assessing the seven themes and 21 dimensions which comprise the RIE index for the three aforementioned nations, as well as the associated policy implications. The results identified Australia’s strength in the human resource and infrastructure themes. For Mexico, strong contributions came from the natural and generated resource themes as well as the physical environment theme, while the US performed strongly in the infrastructure themes. The comparative results of the US and Mexico illustrated that it is possible to achieve high levels of progress without an excessive reliance on high levels of production and income. Copyright Springer Science+Business Media B.V. 2013

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    File URL: http://hdl.handle.net/10.1007/s11205-011-9914-6
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    Bibliographic Info

    Article provided by Springer in its journal Social Indicators Research.

    Volume (Year): 110 (2013)
    Issue (Month): 1 (January)
    Pages: 31-54

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    Handle: RePEc:spr:soinre:v:110:y:2013:i:1:p:31-54

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    Web page: http://www.springer.com/economics/journal/11135

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    Related research

    Keywords: Measurement; Progress; Interdisciplinary; Weighting;

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    1. Oswald, A.J., 1997. "Happiness and Economic Performance," Papers 18, Centre for Economic Performance & Institute of Economics.
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    3. Riccardo Natoli & Segu Zuhair, 2010. "Establishing the RIE index: a review of the components critical to progress measurement," International Journal of Social Economics, Emerald Group Publishing, vol. 37(8), pages 574-591, July.
    4. Bruno S. Frey & Alois Stutzer, 2000. "Happiness, Economy and Institutions," CESifo Working Paper Series 246, CESifo Group Munich.
    5. Michela Nardo & Michaela Saisana & Andrea Saltelli & Stefano Tarantola & Anders Hoffman & Enrico Giovannini, 2005. "Handbook on Constructing Composite Indicators: Methodology and User Guide," OECD Statistics Working Papers 2005/3, OECD Publishing.
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    7. Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 35-47, June.
    8. Mark McGillivray, 2005. "Measuring Non-Economic Well-Being Achievement ," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(2), pages 337-364, 06.
    9. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-84, July.
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